Vietnam: Cotton and Products Annual
Post estimates that cotton planted area in Vietnam continues to shrink to an insignificant amount and pushing the country a step closer to importing 100 percent of cotton to meet growing domestic demand. Vietnam’s MY2016/2017 cotton imports are expected to reach 1.15 million tons (or 5.27 million bales), up 15 percent over the previous year Preliminary forecast on Vietnam’s cotton imports in MY2017/2018 is 1.26 million tons, up 10 percent over 2016/2017. U.S. cotton continues to dominate the Vietnam market with a major market share, from 42 percent in MY 2015/2016 to an expected share of 44 percent in MY 2016/2017. U.S. cotton is forecast to keep increasing its market share in Vietnam to 46 percent in MY2017/2018.
